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Severin Zugmayer

investing in tech founders in the cultural and creative industries 🤖🎨

Highlights

Nov 28 · linkedin

Today, I'm happy to share with you that Michael and I are launching New Renaissance Ventures, the first dedicated micro fund for the Cultural and Creative Industries.

Curious? Check out the video below or the Sifted interview in the comments for a bit more context. Thanks Miriam for the great conversation.

The Cultural and Creative Industries (CCIs) are at the heart and soul of our European society. They fuel our passion, spark our creativity and, ultimately, form our identity. However, the Cultural and Creative Industries not only play a pivotal role in shaping our collective European identity but also significantly contribute to the economy. Just to put this in perspective, CCIs are bigger than pharma or telco, and represent 5.5% of the overall EU economy. And with over 200 art universities & colleges, Europe has by far the largest number of top talent globally.

What society has not been really aware of, though, is the fact that technological progress always served as a very powerful catalyst in the Cultural and Creative Industries. Tech is constantly changing how we create, access, experience and think about culture. You can go back in the history of humanity or you just look around you today.

Consider this: Europe's top tech startup is Spotify, and last year's highest-valued tech acquisition was Figma. Tech companies in the CCIs aren't just niche players, they're global giants with robust financials.

Once again, we stand on the brink of a new wave of innovation in the cultural and creative industries. The mass adoption of new tech like AI or mixed reality are changing once again how we create, access, experience and think about culture. With the widespread adoption of these technologies, there's ample opportunity for the emergence of the next Spotify, Unity or Figma.

New Renaissance Ventures is the first dedicated micro fund for the Cultural and Creative Industries. With a target volume of € 20m, we are now backing the next generation of cultural and creative leaders in their earliest stages.

  • We invest in early stage tech startups.
  • Our sole focus is the Cultural and Creative Industries
  • Initial tickets range from € 100-500k.
  • We lead pre-seed and follow at seed.

It has been an honour to collaborate so early with so many outstanding partners who have helped us lay the foundation for the first VC brand and community in the Cultural and Creative Industries.

Speedinvest CultTech Association Culttech Accelerator Oliver Daniel Werner Deepali Andreas Pierre-Francois Alexey Marc Samanta Markus Alina Cédric Benjamin Alexander Julian and many more...

#visualarts #performingarts #newmedia #culturalheritage

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Severin Zugmayer
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Experience

Founder at New Renaissance Ventures
Co-Founder at Tourilla Tours

Education

International Business Administration, WU (Vienna University of Economics and Business)
International Business Administration, BI Norwegian Business School